OUE H-Reit obtains S$980m facilities to partially refinance debt
Lending banks can demand prepayment if sponsor ceases to own at least 51% of the Reit manager without prior consent from them
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THE real estate investment trust (Reit) portion of the stapled OUE Hospitality Trust (OUE H-Trust) has obtained S$980 million of loan facilities to partially refinance its existing debt.
The new facilities comprise two term loan facilities and two revolvers, according to a filing with the Singapore Exchange. The lenders are BNP Paribas, DBS Bank, OCBC Bank and Standard Chartered.
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